RUT – Jun BMIC (810/790/620/600) x 1
Closed - Profitable Trades, Type - Iron Condor May 6th, 20086/5/08 – Last night I entered my first BMIC for June – we are 46 days out, so a little later than I would have liked, but that is Ok! I tried to get filled on friday night, but nothing happened… This one I am in for $2.10 with a maximum risk of $2000 over 46 days.
2/6/08 – The market finally fell a bit, and volatility went up, so I took the opportunity to roll the puts up from 620/600 to 670/650 and collected additional credit of $0.50, with 17 days to go.
13/6/08 – My profit stop triggered and I closed the position for a $0.30 debit, with a $1.80 profit over 40 days.
May 7th, 2008 at 2:56 am
[...] = Big Mouth Iron Condor. Learned that from the Insane Money Forums, after seeing it on Pete’s Options Blog. (Another good real-trades strategy blog.) It’s the name Jack Wong from Optionetics give to a [...]